‘Greedflation’ is replacing inflation as companies raise prices for bigger profits, report finds

They’re calling it “greedflation.”

That’s the practice by many S&P 500 food and consumer companies of raising prices to protect what a new report calls their “cushioned corporate profits,” and it has enabled them to boost margins through the current inflationary period.

Companies including Kimberly-Clark Corp. KMB, -0.45%, PepsiCo Inc. PEP, -0.32%, General Mills Inc. GIS, -0.91% and Tyson Foods Inc. TSN, -0.65% have on recent earnings calls touted their ability to raise prices, earning tidy profits and rewarding their shareholders as they go, according to the report from Accountable.US, a liberal-leaning consumer-advocacy group.